Defining objectives

Define your organization's tactical initiatives as objectives. Tactical initiatives are short-term goals that help an organization achieve its strategic, long-term goals. The expected results and when the results are expected will be specifically stated. For example, an objective can be a tactical initiative to reduce electrical consumption at a facility by a specific amount and by a particular date.

To define objectives:

  1. Select Equipment > Asset Management Policy > Objectives.
  2. Click New Record.
  3. Specify this information:
    Organization
    Specify the organization to which the objectives belongs.
    Objective
    Specify a unique code identifying the objective, and then specify a description of the objective in the adjacent field.
    Strategy
    Specify the strategy to associate with the objective. A strategy may be associated with multiple objectives. The system populates the strategy description.
    Objective Statement
    Specify an objective statement that explains how your organization plans to achieve the goal. The objective statement cannot contain more than 4,000 characters.
    Currency
    Specify the currency for the objective.
    Approved By
    Specify the name of the person responsible for approving the objective.
    Date Approved
    Specify the date the objective was approved.
    Out of Service
    Select if the objective is currently not being used. If you select Out of Service, the objective will not appear in the lookups for objectives on other forms.
    Target Type
    Select the target type for the objective.
    Target Subtype
    Select the target subtype. You can select target subtypes for these target types: asset performance, energy, and waste.
    Reliability Calculations
    Select the reliability calculations. If the target subtype is reliability, you can select the reliability calculations.
    Parameters
    Select the parameters. You can select parameters for these reliability calculations: Crow-AMSAA Individual Events, Crow-AMSAA Cumulative Events, Weibull Individual Events, and Weibull Cumulative Events.
    Conversion Type
    Select one of the conversion type options:
    • EPA 2007

      Select if the objective was designed to help reduce factors that contribute to environmental damage as a result of the EPA 2007 plan.

    • Defra 2009

      Select if the objective was designed to help reduce factors that contribute to environmental damage as a result of the Defra 2009 plan.

    UOM
    Specify the unit of measure for the objective.
    Category Options
    Select the category option.
    Baseline Date Range From Date/To Date
    Specify the beginning and ending dates with which to compare the final results to determine if an improvement was made.
    Kickoff Date
    Specify the date the objective begins.
    Goal Date
    Specify the date the objective ends.
    Baseline Amount
    Specify the baseline amount before the objective is implemented.
    Change Amount
    Specify the expected change in the amount after the objective is completed. The system calculates Days, Target Amount, and Target Change %.
  4. Click Save Record.